61281 Sherrard, IL is a small but friendly community located in Mercer County. The average 2 bedroom rent in the area is $960 which is much lower than the US average of $1,430. The grocery cost index in this area is 97 versus the US average of 100, making it an affordable place to live by comparison. Local businesses such as Shippey's Towing Service and Kohnen Pharmacy provide excellent services to the residents in 61281 Sherrard, IL. They offer great customer service and competitive prices. Additionally, there are many small businesses offering unique products and services such as Marge’s Sewing Store and Antique Mall and Guyer’s Produce Stand that make this small town a great place to call home.
Sherrard (zip 61281) has an unemployment rate of 6.4%. The US average is 6.0%.
Sherrard (zip 61281) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Sherrard (zip 61281)
- The Sales Tax Rate for Sherrard (zip 61281) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Sherrard (zip 61281) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sherrard (zip 61281)
- The average income of a Sherrard (zip 61281) resident is $29,115 a year. The US average is $28,555 a year.
- The Median household income of a Sherrard (zip 61281) resident is $73,083 a year. The US average is $69,021 a year.